Chicago Bridge & Iron Company N.V. (NYSE:CBI) has been given a $21.00 price target by investment analysts at Deutsche Bank AG in a report released on Thursday. The brokerage presently has a “buy” rating on the construction company’s stock. Deutsche Bank AG’s price target suggests a potential upside of 28.60% from the company’s current price.

A number of other equities analysts have also recently commented on CBI. Credit Suisse Group set a $40.00 target price on shares of Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a research report on Saturday, April 22nd. Citigroup Inc. decreased their target price on shares of Chicago Bridge & Iron Company N.V. from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 9th. Jefferies Group LLC reiterated a “buy” rating and issued a $35.00 target price on shares of Chicago Bridge & Iron Company N.V. in a research report on Tuesday, May 9th. Robert W. Baird reiterated a “neutral” rating and issued a $23.00 target price (down previously from $31.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, May 17th. Finally, MKM Partners reiterated a “buy” rating and issued a $34.00 target price (down previously from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Friday, May 19th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $26.74.

Chicago Bridge & Iron Company N.V. (NYSE CBI) traded down 31.29% during midday trading on Thursday, hitting $11.22. 12,485,162 shares of the stock were exchanged. Chicago Bridge & Iron Company N.V. has a 1-year low of $11.10 and a 1-year high of $36.56. The firm’s market capitalization is $1.13 billion. The firm’s 50-day moving average price is $17.61 and its 200 day moving average price is $25.31. Chicago Bridge & Iron Company N.V. also saw unusually large options trading activity on Wednesday. Stock investors bought 896 call options on the company. This represents an increase of approximately 197% compared to the typical daily volume of 302 call options.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last issued its earnings results on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing analysts’ consensus estimates of $0.85 by $3.81. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Chicago Bridge & Iron Company N.V. had a positive return on equity of 17.98% and a negative net margin of 3.81%. Chicago Bridge & Iron Company N.V.’s revenue for the quarter was down 40.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 EPS. Analysts expect that Chicago Bridge & Iron Company N.V. will post $2.85 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Patten & Patten Inc. TN boosted its position in shares of Chicago Bridge & Iron Company N.V. by 2.1% in the first quarter. Patten & Patten Inc. TN now owns 9,885 shares of the construction company’s stock valued at $304,000 after buying an additional 200 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Chicago Bridge & Iron Company N.V. by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 23,291 shares of the construction company’s stock valued at $716,000 after buying an additional 277 shares during the period. Selway Asset Management boosted its position in shares of Chicago Bridge & Iron Company N.V. by 0.3% in the first quarter. Selway Asset Management now owns 88,550 shares of the construction company’s stock valued at $2,723,000 after buying an additional 300 shares during the period. Clearbridge Investments LLC boosted its position in shares of Chicago Bridge & Iron Company N.V. by 8.5% in the first quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock valued at $117,000 after buying an additional 300 shares during the period. Finally, Birmingham Capital Management Co. Inc. AL boosted its position in shares of Chicago Bridge & Iron Company N.V. by 0.7% in the second quarter. Birmingham Capital Management Co. Inc. AL now owns 40,775 shares of the construction company’s stock valued at $804,000 after buying an additional 300 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Chicago Bridge & Iron Company N.V. Company Profile

Chicago Bridge & Iron Company N.V. provides services to customers in energy infrastructure market. The Company provides services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

Analyst Recommendations for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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